Oklahoma Administrative Code
Title 180 - Oklahoma State Credit Union Board
Chapter 10 - Supervision, Regulation and Administration
Subchapter 1 - Department and Board Requirements
Section 180:10-1-15 - Fees

Universal Citation: OK Admin Code 180:10-1-15

Current through Vol. 42, No. 1, September 16, 2024

(a) The following applications shall be accompanied by a payment to the Department in an amount as prescribed below:

(1) Applications for merger or acquisition when the surviving credit union will be a state chartered credit union shall be accompanied by a fee of $1,000 and a copy of the merger agreement or agreement of purchase. The Board may waive the fee when the merger is required at the direction of a state or federal regulatory agency.

(2) Applications for merger or acquisition when the surviving credit union will be a federally chartered credit union shall be accompanied by a fee of $800 and a copy of the merger agreement or agreement of purchase. The Board may waive the fee when the merger is required at the direction of a state or federal regulatory agency.

(3) Applications for conversion from a state chartered credit union to a federally chartered credit union or other form of financial institution shall be accompanied by a fee of $800.

(4) Applications for conversion from a federally chartered credit union to a state chartered credit union shall be accompanied by a fee of $1,000. The applicant shall also pay the costs and fees associated with the special exam of the converting credit union.

(5) Applications for amendment to bylaws shall be accompanied by a fee of $400.

(6) Applications to be heard by the Board to add a select associational group or select employee group shall be accompanied by a fee of $400.

(7) Applications for a change to the credit union's field of membership shall be accompanied by a fee of $800.

(8) Applications for an expansion of the credit union's investment powers shall be accompanied by a fee of $800.

(9) Applications for an increase in the credit union's investment percentage in real estate, buildings, fixtures, furniture, and equipment shall be accompanied by a fee of $800.

(10) Applications for expansion of powers other than those listed in paragraphs (8) and (9) of this subsection shall be accompanied by a fee of $800.

(b) Other application fees may be charged to applicants based on other provisions of this Title or the Act.

Added at 18 Ok Reg 1105, eff 5-11-01; Amended at 26 Ok Reg 1413, eff 6-11-09

Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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